2027 Best Value Theological & Ministerial Studies Schools in Indiana
[Theological & Ministerial Studies](/majors/theology-and-religious-vocations/theological-ministerial-studies/) is a field worth comparing on the balance of cost and outcomes. The best values balance affordable tuition against strong post-graduation earnings.
College Factual analyzed 5 schools to build this 2027 ranking of the best value theological & ministerial studies schools.
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2027 Best Value Theological & Ministerial Studies Schools in Indiana
Below are the schools that deliver the strongest value in theological & ministerial studies, balancing cost against outcomes.
Best Value Theological & Ministerial Studies Schools
For return on investment in theological & ministerial studies, no school beat Grace College And Theological Seminary this year. Set in the town of Winona Lake, Grace College And Theological Seminary is a mid-sized private not-for-profit institution. In-state tuition and fees average $29,645. Typical student debt for theological & ministerial studies graduates is $21,211. Early-career theological & ministerial studies graduates make about $42,188. That is a strong return on a $21,211 median debt. The acceptance rate is 82%.
The strong cost-to-outcome balance at Earlham College earned it the #2 place for theological & ministerial studies. Earlham College is a small private not-for-profit school located in the town of Richmond. In-state tuition and fees average $53,930. Theological & Ministerial Studies graduates carry a median of $25,125 in student loans. Soon after graduation, theological & ministerial studies degree recipients from Earlham College generally make around $43,038. Weighed against typical debt, the earnings make a compelling case for value. Roughly 73% of applicants are accepted.
Virginia Baptist College came in at #3 on our 2027 list of the best value theological & ministerial studies schools. Set in the town of Lawrenceburg, Virginia Baptist College is a small private not-for-profit institution. The average in-state cost of tuition and fees is $9,712. Virginia Baptist College admits about 95% of applicants.
Students looking for strong value in theological & ministerial studies will find it at Anderson University Indiana, which ranked #4. Located in the city of Anderson, Anderson University Indiana is a small private not-for-profit university. Students from in state pay about $37,240 in tuition and fees. Theological & Ministerial Studies graduates carry a median of $27,401 in student loans. Early-career theological & ministerial studies graduates make about $41,376. Weighed against typical debt, the earnings make a compelling case for value. Anderson University Indiana admits about 79% of applicants.
University Of Notre Dame came in at #5 on our 2027 list of the best value theological & ministerial studies schools. Located in the suburb of Notre Dame, University Of Notre Dame is a large private not-for-profit university. The average in-state cost of tuition and fees is $65,025. Students borrow a median of $19,000 to complete the theological & ministerial studies program here. Early-career theological & ministerial studies graduates make about $44,657. Weighed against typical debt, the earnings make a compelling case for value. University Of Notre Dame admits about 11% of applicants.
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Notes and References
This list is compiled by College Factual (MF_RANKING_2025), 2027 edition. The methodology weighs the cost of a degree against the earnings graduates go on to achieve, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 5 schools evaluated.
*Averages shown above reflect the top 5 ranked schools only.
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE), serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
More about our data sources and methodologies.
